Austria’s TGM to open a car parts factory in Bela Palanka

The premises of the former FEMID factory, owned by the municipality of Bela Palanka, will be leased to the Austrian investor TGM Services, and the people of Bela Palanka have taken it upon themselves to repair the ruined facility.

The Austrian company, headquartered in Schladming, has founded a daughter company TGRS in Bela Palanka, and the facility will be made available for use, for 3 years without a public auction, whereas the production of steering wheels should start in June, according to the announcements.

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The investor is obligated to employ 100 workers in the first phase, and the Municipality, as its president, Goran Miljkovic, says, undertook to finish the reconstruction of the facility.

“The tender for the reconstruction of the facility will be launched by the end of this week. The realization of the agreement with the representatives of TGRS is a good reference for new investors in Bela Palanka,” Miljkovic added.

He also said that the investment would be realized in two phases, with the second phase entailing the construction of a factory in the Industrial Zone Murica 1 and the creation of 250 new jobs.

(Juzne Vesti, 20.02.2020)

This post is also available in: Italiano

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